July 2020 – A Family View

In the UK, everyone is taxed as an individual, but social security benefits, including Tax Credits and Universal Credit, are awarded on the basis of the family’s total income. Child Benefit is withdrawn based on the income of the higher earner in a couple, irrespective ...
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July 2020 – Tax-Free Rent

When you let rooms in your own home as residential accommodation, you can receive the rent tax-free if it falls within the limits for rent-a-room relief. This relief is currently capped at rents of £7,500 per year. Where more than one person receives the rent ...
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Jan 2020 – Financial Planning Partner Scott Herbert takes stock of 30 years in the industry!

With 2020 now in full swing, Clarke Nicklin’s Financial Planning Partner, Scott Herbert, takes stock of his 30 year career, of which he celebrates 25 years as a Financial Planner and shares some words of wisdom... “How different things were in 1995 when I was ...
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Nov 2019 – Set your investment goals for retirement

Set your investment goals for retirementFor many of us, managing our money day to day occupies most of our attention, particularly when rising inflation puts family budgets under ever greater strain.But thinking about your financial future now and having goals for the immediate and long ...
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Oct 2019 – State pension and lifetime allowance increases for 2020/21

Set your investment goals for retirement For many of us, managing our money day to day occupies most of our attention, particularly when rising inflation puts family budgets under ever greater strain. But thinking about your financial future now and having goals for the immediate ...
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Oct 2019 – Re-enrolment in a workplace pension

Re-enrolment in a workplace pensionFor many employers, the aggravation of setting up auto-enrolment of staff into a workplace pension was over years ago (2012 to be exact!), but it’s not a task that can be done once and forgotten.All employees who opted out of the ...
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Sept 2019 – New rules for selling a home

NEW RULES FOR SELLING A HOMEWhen you sell your own home the gain is tax-free for the periods you lived in the property. If you move out before the property is sold, the gain for that final empty period is also tax-free, as long as ...
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Sept 2019 – Advice with you in mind

Advice with you in mindOne of the most important relationships you may ever have is the one with your professional financial adviser. The advice process allows you to assess your financial goals, investment time frame and tolerance for risk, and to monitor these over time ...
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August 2019 – Life assurance & Tax

Life assurance & taxTop-slicing relief attempts to put you in the position you would have been in, had the lump sum been paid in equal amounts in each year of the bond’s life. It doesn’t exactly achieve that, but it’s a good approximation.The problem is, ...
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June 2019 – Are you one of the tens of thousands entering retirement each year without taking advice?

Scott Herbert, Independent Financial Advisor and Partner of Clarke Nicklin Financial Planning considers newly published research on the pensions advisory market; New analysis from the Association of British Insurers (ABI) shows very low levels of retirement readiness. It found that more than 62,000 people accessed ...
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April 2019 – Check your Pension forecast

Check your Pension forecast You can check how much State Pension you will receive by accessing your online personal tax account. It will tell you how many years of National Insurance Contributions (NIC) you have made and if there are any gaps in your NIC ...
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